Besides, the dollar's gain against major world currencies also impacted the rupee.
The Indian rupee opened weaker by 11 paise against the dollar on Friday following sustained demand for the greenback from importers amid foreign fund outflow and rising global crude prices. Presently, the currency is trading at 71.29/$ lower by 13 paise.
Besides, the dollar's gain against major world currencies also impacted the rupee.
The local currency on Thursday ended lower by 36 paise at 71.16/$.
On the economy front, the Wholesale Price Index (WPI)-based inflation dipped to 10-month low of 2.8% in January 2019, exhibiting a sharp decline for third straight month from 5.5% in October 2018.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs70.94, while for the Euro it was at Rs79.99.
The RBI’s reference rate for the Yen stood at Rs63.88; the reference rate for Great Britain Pound (GBP) was Rs91.27.
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Besides, the dollar's gain against major world currencies also impacted the rupee.
The local currency on Thursday ended lower by 36 paise at 71.16/$.
On the economy front, the Wholesale Price Index (WPI)-based inflation dipped to 10-month low of 2.8% in January 2019, exhibiting a sharp decline for third straight month from 5.5% in October 2018.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs70.94, while for the Euro it was at Rs79.99.
The RBI’s reference rate for the Yen stood at Rs63.88; the reference rate for Great Britain Pound (GBP) was Rs91.27.
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